Indian economy shows early signs of turnaround

A pickup in credit growth, industrial output and exports may signal early stages of a turnaround in India's economy, reversing the gloom of late summer sparked by a drop in the rupee, analysts say. And the government may soon pitch in with expected structural reforms. "India is back on the radar. Recovery may not be spectacular but it has picked up, and calendar [year] 2014 would be better than 2013," said Abheek Barua, HDFC Bank's chief economist.